Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
Banks are gearing up for a legal battle ahead of tomorrow's interest rate decision, which could mean they owe borrowers money.
Banks gear up for legal battle as era of the free mortgage approaches
The European Union and Canada have warned that the "Buy America" clause in President Barack Obama's $900bn (626bn) fiscal stimulus package is in danger of fostering unwanted and damaging US protectionism.
Europe and Canada warn US over 'Buy America' clause
The Treasury remains open to the idea of establishing a "bad bank" to warehouse the toxic debts held by the UK banking system. Speaking to the Treasury Select Committee, the Chancellor, Alistair Darling said the Government could use such an institution to cleanse the commercial banks' balance sheets and offer them a fresh start to their lending operations, in a bid to boost the economy.
'Bad bank' still an option says Darling
Britain's economy will shrink by 2.7 per cent this year and stage only a "feeble" recovery in 2010, one of the country's most respected economic forecasters warned yesterday.
Economists warn of 'feeble' UK recovery
The worlds biggest miner said profits fell by 57% during the last six months of 2008 as commodity prices collapsed.
Profits halve at BHP Billiton
The IMF on Tuesday virtually halved its 2009 growth forecast for Asia, slashing its estimate to 2.7% from 4.9% just two months ago.
Asian growth outlook slashed
Estate agents in China are using desperate measures to try to shift property in big cities hit worst by the slump.
Buy the flat and we'll throw in the job to pay for it